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Side-by-side financial comparison of ALLIANCE ENTERTAINMENT HOLDING CORP (AENT) and KADANT INC (KAI). Click either name above to swap in a different company.

ALLIANCE ENTERTAINMENT HOLDING CORP is the larger business by last-quarter revenue ($368.7M vs $271.6M, roughly 1.4× KADANT INC). KADANT INC runs the higher net margin — 10.2% vs 2.5%, a 7.7% gap on every dollar of revenue. On growth, KADANT INC posted the faster year-over-year revenue change (-0.0% vs -6.3%). KADANT INC produced more free cash flow last quarter ($44.1M vs $-16.9M). Over the past eight quarters, ALLIANCE ENTERTAINMENT HOLDING CORP's revenue compounded faster (32.1% CAGR vs 6.7%).

Alliance Atlantis Communications Inc. was a media company that operated primarily as a specialty service provider in Canada. Primarily based in Toronto, Alliance Atlantis also had offices in Halifax, Los Angeles, London, Dublin, Madrid, Barcelona, Shannon, and Sydney.

Kadant Inc. is a company that was established in 1991, as a partly privately owned subsidiary of Thermo Electron, and partly publicly traded company, and was fully spun out and renamed Kadant in 2001. The company supports papermaking, paper recycling, wood processing, material handling, and other processing industries. Kadant is a multi-national corporation with operations in Asia, Europe, North America, and South America.

AENT vs KAI — Head-to-Head

Bigger by revenue
AENT
AENT
1.4× larger
AENT
$368.7M
$271.6M
KAI
Growing faster (revenue YoY)
KAI
KAI
+6.3% gap
KAI
-0.0%
-6.3%
AENT
Higher net margin
KAI
KAI
7.7% more per $
KAI
10.2%
2.5%
AENT
More free cash flow
KAI
KAI
$61.0M more FCF
KAI
$44.1M
$-16.9M
AENT
Faster 2-yr revenue CAGR
AENT
AENT
Annualised
AENT
32.1%
6.7%
KAI

Income Statement — Q2 FY2026 vs Q3 FY2025

Metric
AENT
AENT
KAI
KAI
Revenue
$368.7M
$271.6M
Net Profit
$9.4M
$27.7M
Gross Margin
45.2%
Operating Margin
4.7%
15.7%
Net Margin
2.5%
10.2%
Revenue YoY
-6.3%
-0.0%
Net Profit YoY
32.8%
-12.2%
EPS (diluted)
$0.18
$2.35

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AENT
AENT
KAI
KAI
Q4 25
$368.7M
Q3 25
$254.0M
$271.6M
Q2 25
$227.8M
$255.3M
Q1 25
$213.0M
$239.2M
Q4 24
$393.7M
$258.0M
Q3 24
$229.0M
$271.6M
Q2 24
$236.9M
$274.8M
Q1 24
$211.2M
$249.0M
Net Profit
AENT
AENT
KAI
KAI
Q4 25
$9.4M
Q3 25
$4.9M
$27.7M
Q2 25
$5.8M
$26.2M
Q1 25
$1.9M
$24.1M
Q4 24
$7.1M
$24.0M
Q3 24
$397.0K
$31.6M
Q2 24
$2.5M
$31.3M
Q1 24
$-3.4M
$24.7M
Gross Margin
AENT
AENT
KAI
KAI
Q4 25
Q3 25
45.2%
Q2 25
45.9%
Q1 25
46.1%
Q4 24
43.4%
Q3 24
44.7%
Q2 24
44.4%
Q1 24
44.6%
Operating Margin
AENT
AENT
KAI
KAI
Q4 25
4.7%
Q3 25
4.2%
15.7%
Q2 25
4.3%
15.4%
Q1 25
1.7%
14.9%
Q4 24
3.8%
14.3%
Q3 24
0.9%
18.0%
Q2 24
0.2%
17.6%
Q1 24
-0.3%
14.8%
Net Margin
AENT
AENT
KAI
KAI
Q4 25
2.5%
Q3 25
1.9%
10.2%
Q2 25
2.5%
10.2%
Q1 25
0.9%
10.1%
Q4 24
1.8%
9.3%
Q3 24
0.2%
11.6%
Q2 24
1.1%
11.4%
Q1 24
-1.6%
9.9%
EPS (diluted)
AENT
AENT
KAI
KAI
Q4 25
$0.18
Q3 25
$0.10
$2.35
Q2 25
$0.11
$2.22
Q1 25
$0.04
$2.04
Q4 24
$0.14
$2.04
Q3 24
$0.01
$2.68
Q2 24
$0.05
$2.66
Q1 24
$-0.07
$2.10

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AENT
AENT
KAI
KAI
Cash + ST InvestmentsLiquidity on hand
$124.5M
Total DebtLower is stronger
$254.6M
Stockholders' EquityBook value
$117.6M
$949.8M
Total Assets
$434.1M
$1.5B
Debt / EquityLower = less leverage
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AENT
AENT
KAI
KAI
Q4 25
Q3 25
$124.5M
Q2 25
$95.3M
Q1 25
$91.7M
Q4 24
$94.7M
Q3 24
$4.3M
$88.4M
Q2 24
$1.1M
$73.8M
Q1 24
$1.6M
$81.4M
Total Debt
AENT
AENT
KAI
KAI
Q4 25
Q3 25
$254.6M
Q2 25
$245.7M
Q1 25
$273.5M
Q4 24
$285.2M
Q3 24
$323.2M
Q2 24
$342.0M
Q1 24
$306.8M
Stockholders' Equity
AENT
AENT
KAI
KAI
Q4 25
$117.6M
Q3 25
$108.1M
$949.8M
Q2 25
$103.2M
$926.0M
Q1 25
$97.4M
$876.0M
Q4 24
$95.6M
$847.1M
Q3 24
$88.0M
$851.7M
Q2 24
$87.6M
$807.7M
Q1 24
$85.1M
$782.7M
Total Assets
AENT
AENT
KAI
KAI
Q4 25
$434.1M
Q3 25
$383.0M
$1.5B
Q2 25
$361.2M
$1.5B
Q1 25
$349.4M
$1.4B
Q4 24
$401.7M
$1.4B
Q3 24
$395.7M
$1.5B
Q2 24
$340.8M
$1.5B
Q1 24
$324.0M
$1.4B
Debt / Equity
AENT
AENT
KAI
KAI
Q4 25
Q3 25
0.27×
Q2 25
0.27×
Q1 25
0.31×
Q4 24
0.34×
Q3 24
0.38×
Q2 24
0.42×
Q1 24
0.39×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AENT
AENT
KAI
KAI
Operating Cash FlowLast quarter
$-16.5M
$47.3M
Free Cash FlowOCF − Capex
$-16.9M
$44.1M
FCF MarginFCF / Revenue
-4.6%
16.2%
Capex IntensityCapex / Revenue
0.1%
1.2%
Cash ConversionOCF / Net Profit
-1.76×
1.70×
TTM Free Cash FlowTrailing 4 quarters
$-1.4M
$145.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AENT
AENT
KAI
KAI
Q4 25
$-16.5M
Q3 25
$2.7M
$47.3M
Q2 25
$10.7M
$40.5M
Q1 25
$2.5M
$22.8M
Q4 24
$25.3M
$51.9M
Q3 24
$-11.6M
$52.5M
Q2 24
$9.7M
$28.1M
Q1 24
$20.0M
$22.8M
Free Cash Flow
AENT
AENT
KAI
KAI
Q4 25
$-16.9M
Q3 25
$2.4M
$44.1M
Q2 25
$10.7M
$36.5M
Q1 25
$2.4M
$19.0M
Q4 24
$46.3M
Q3 24
$-11.6M
$48.3M
Q2 24
$23.1M
Q1 24
$20.0M
$16.6M
FCF Margin
AENT
AENT
KAI
KAI
Q4 25
-4.6%
Q3 25
0.9%
16.2%
Q2 25
4.7%
14.3%
Q1 25
1.1%
7.9%
Q4 24
17.9%
Q3 24
-5.1%
17.8%
Q2 24
8.4%
Q1 24
9.4%
6.7%
Capex Intensity
AENT
AENT
KAI
KAI
Q4 25
0.1%
Q3 25
0.1%
1.2%
Q2 25
0.0%
1.6%
Q1 25
0.0%
1.6%
Q4 24
0.0%
2.2%
Q3 24
0.0%
1.5%
Q2 24
1.8%
Q1 24
0.0%
2.5%
Cash Conversion
AENT
AENT
KAI
KAI
Q4 25
-1.76×
Q3 25
0.56×
1.70×
Q2 25
1.86×
1.55×
Q1 25
1.33×
0.95×
Q4 24
3.57×
2.16×
Q3 24
-29.31×
1.66×
Q2 24
3.85×
0.90×
Q1 24
0.92×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AENT
AENT

Segment breakdown not available.

KAI
KAI

Flow Control$94.8M35%
Capital$83.2M31%
Material Handling Systems$70.3M26%
Transferred Over Time$17.1M6%
Other$6.1M2%

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